Elliott Wave Technical Analysis: Global Indices
Summary: Friday's weak close sets Monday for lower prices. US Indices are still in a corrective pattern lower and Euro and Asian Indices are even softer.
SP 500: Wave four lower to 4330 - 4350
Nasdaq 100: Wave c of (ii)
Russell 2000: Unclear
DAX 40: Lower price levels to come, viewing two wave count, both for lower levels
FTSE 100: Further downside expected, any rally will be short lived
ASX 200: An abc corrective rally and then further downside.
Video Chapters
00:00 SP 500 (SPX) (SPY ETF)
16:06 NASDAQ (NDX)
18:04 Russell 2000 (RUT)
19:59 DAX 40 (DAX)
24:45 FTSE 100 (UK100)
29:37 ASX 200 (XJO)
Video ends 00:37:10
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Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817